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nomination for president of the united states. [ cheering and applause [ >> reporter: president obama said he wants to restore the values that built america. >> the president: the largest middle class and strongest economy the world has ever known. >> reporter: and characterized the republican plan as the same prescription they've had for 30 years. >> the president: feel a cold coming on, take two tax cuts, roll back some regulations and call us in the morning. [ cheering and applause ] >> reporter: he cautioned some in his party not to depend on government to solve every problem and lit into republicans for believing government is the problem. >> the president: any more than our welfare recipients or corporations, or unions or immigrants, or gays or any other group we are told to blame for our troubles. >> reporter: on foreign policy he listed his successes including the death of bin laden and jocked about mitt romney's lack of experience. >> the president: you might not be ready for diplomacy with bayning -- with beijing if you can visit the olympics without insulting our closest ally. >> r
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